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Upscale apartment developer Post Properties (PPS +2.3%) Q2 swung to a profit as its funds from...
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Tuesday, August 2, 2011, 11:13 AM ETUpscale apartment developer Post Properties (PPS +2.3%) Q2 swung to a profit as its funds from operations - a key measure of REIT profitability - went from a previous-year loss to a gain. Fundamentals improved, with occupancy rates and monthly rents both rising Y/Y. The company raises its FY11 FFO outlook by 13%.
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